Penserra Capital Management LLC lowered its position in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 240,102 shares of the travel company's stock after selling 18,828 shares during the quarter. Penserra Capital Management LLC owned approximately 0.17% of TripAdvisor worth $3,402,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of TRIP. Lightrock Netherlands B.V. boosted its position in shares of TripAdvisor by 54.4% in the 1st quarter. Lightrock Netherlands B.V. now owns 791,287 shares of the travel company's stock worth $11,231,000 after purchasing an additional 278,821 shares in the last quarter. Principal Financial Group Inc. boosted its stake in TripAdvisor by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 547,435 shares of the travel company's stock worth $7,757,000 after purchasing an additional 13,131 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in TripAdvisor in the 1st quarter worth approximately $235,000. Tsfg LLC acquired a new stake in TripAdvisor in the 1st quarter worth approximately $35,000. Finally, Boyar Asset Management Inc. acquired a new stake in TripAdvisor in the 1st quarter worth approximately $865,000. Institutional investors own 98.99% of the company's stock.
Insider Activity
In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of TripAdvisor stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer directly owned 15,931 shares in the company, valued at $244,222.23. This trade represents a 51.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company's stock.
TripAdvisor Trading Down 0.9%
Shares of TRIP traded down $0.16 during midday trading on Friday, reaching $18.00. The company had a trading volume of 5,335,258 shares, compared to its average volume of 2,738,381. TripAdvisor, Inc. has a 1-year low of $10.43 and a 1-year high of $18.66. The stock has a market cap of $2.55 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 3.14 and a beta of 1.28. The firm has a 50 day simple moving average of $14.50 and a 200-day simple moving average of $14.61. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.88.
TripAdvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.09. The firm had revenue of $398.00 million during the quarter, compared to analysts' expectations of $386.94 million. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. TripAdvisor's revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $0.12 earnings per share. Research analysts forecast that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have commented on TRIP. Citigroup assumed coverage on shares of TripAdvisor in a research note on Wednesday, May 28th. They set a "neutral" rating and a $16.00 price objective for the company. DA Davidson set a $16.25 price objective on TripAdvisor in a report on Tuesday. UBS Group boosted their price target on TripAdvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Mizuho upgraded shares of TripAdvisor to a "hold" rating in a research report on Friday, April 18th. Finally, Wall Street Zen cut TripAdvisor from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, TripAdvisor presently has a consensus rating of "Hold" and a consensus target price of $17.27.
Read Our Latest Research Report on TRIP
TripAdvisor Profile
(
Free Report)
TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.
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